What will move the market on October 18-22?
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
European equities start higher
On Thursday, European stocks started higher because a fresh batch of corporate earnings reports was closely watched. Traders also paid attention to the final data on euro zone inflation.
The EURO STOXX 50 tacked on 0.39%, France’s CAC 40 gained 0.41%, Germany’s DAX 30 added 0.44%.
As for financial stocks, they mostly gained, as French lenders Societe Generale as well as BNP Paribas rallied 0.09% and 0.17% respectively. Meanwhile, Germany's Commerzbank and Deutsche Bank soared 0.97% and 1.44% respectively.
Meanwhile, peripheral lenders, including Spanish banks Banco Santander and BBVA earned respectively 0.38% and 0.61%. In Italia, Intesa Sanpaolo and Unicredit definitely underperformed, with equities down 0.53% and 0.72% respectively.
FTSE 100 tacked on 0.2% higher in London, backed by 3i, whose equities gained 3.40% after the company posted a total return sag to £655 million for the six months by September 30 versus £1 billion in the same period of the previous year.
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